Understanding and Implementing Total Productive Maintenance Workflow

Identify Assets

Type: Fill Checklist

In this step of the business workflow, the focus is on identifying the assets that are crucial to the organization's operations. This involves a thorough examination of all resources, tangible or intangible, that contribute to the company's success. Assets may include physical property such as land, buildings, and equipment, as well as intangible assets like patents, trademarks, and copyrights. The objective is to catalog and document each asset accurately, ensuring its value can be assessed and managed effectively. This step also involves identifying potential liabilities or risks associated with these assets, so that necessary precautions can be taken to mitigate them. By understanding what assets the company owns and their respective values, business leaders can make informed decisions about investment, management, and allocation of resources. A clear picture of the organization's assets is essential for effective planning and strategy development.